Legislators in Kentucky have stripped provisions from a proposed bill that sought to establish new service requirements for all real estate licensees in the state. The Kentucky Real Estate Commission proposed the legislation, which would have allowed the commission to establish a minimum level of services that real estate licensees must perform after entering into a written listing or brokerage agreement with a client. The original language in the bill also sought to "declare that failing to provide minimum services constitutes gross negligence subject to discipline." Norman Brown, executive director for the commission, said today that the U.S. Department of Justice and Federal Trade Commission had expressed reservations about the legislation. The commission sought to require that all real estate agents receive escrow checks, receive property offers and also work with clients to present all offers, Brown said. Legislation and real estate regulations with similar language have been pro...
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